TaxCorporate TaxSNP urges corporation tax switch

SNP urges corporation tax switch

The Scottish National Party proposes amendments to the finance bill to allow the devolved bodies the power to vary corporation tax rates

Treasury spokesman Stewart Hosie tabled the amendments following the
chancellor’s visit to Northern Ireland, during which he did not rule out lower
corporation tax levels for the province.

The move follows calls from Ulster’s local parties and businesses for the
rates to be brought down from the current UK rate of 30% to the 12.5% of the
Republic of Ireland.

Hosie, who sits on the committee debating the finance bill, said: ‘Pressure
has been building in recent months in Northern Ireland for a range of fiscal
incentives, such as a cut in the rate of corporation tax. The chancellor has not
ruled out such a move. ‘With Scottish growth stubbornly below that of the UK, we
too would benefit from having the ability to encourage growth in Scotland with
lower corporation taxes. In fact, it is SNP policy.

‘The SNP wants Scotland to have the same opportunities as other independent
nations. With responsibility for all our finances, Scotland could start to match
the success of nations like Ireland, Norway and Finland.’

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson